China's exports of rare earth magnets to the United States fell 3.9% in Jun...
FILE PHOTO: Samples of rare earth minerals from left: Cerium oxide, Bastnaesite, Neodymium oxide and Lanthanum carbonate at Molycorp's Mountain Pass Rare Earth facility in Mountain Pass, California June 29, 2015. REUTERS/David Becker
The latest data came after U.S. President Donald Trump on Monday told the Pentagon to find better ways to procure samarium-cobalt rare earth permanent magnets, used in specialty motors, warning that the country’s defense would suffer without adequate stockpiles. China’s exports to the United States of permanent rare earth magnets, or rare earth material that will be turned into permanent magnets, came in at 414,100 kg, or around 414 tonnes last month, the data from the General Administration of Customs showed.
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